The initial public offer (IPO) of Fourth Dimension Solutions limited (FDSl), an IT infra & technical support services provider firm that closed for subscription on NSE's SME platform 'Emerge', got subscribed by 2.1 times, according to the company. “The net issue offered to public was for 27.44 lakh equity shares which got subscribed 2.1 times amid the volatile market conditions,” it said. The company's public issue was for Rs8.7 crore for 28.92 lakh equity shares at a price of Rs30 per share.
“Out of total issue size, 1.48 lakh shares were reserved for subscription by market maker,” it added. FDSl is the last SME IPO of 2015 and the 12th listing on NSE Emerge.